Baidu (NASDAQ:BIDU) Shares Gap Down - Should You Sell?

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $98.42, but opened at $95.22. Baidu shares last traded at $93.46, with a volume of 1,376,594 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BIDU shares. Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Nomura Securities lowered Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Barclays increased their target price on shares of Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Nomura lowered shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.25.

Baidu Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The company has a market capitalization of $32.21 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The company has a 50-day moving average price of $91.79 and a 200-day moving average price of $90.49.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIDU. Rialto Wealth Management LLC acquired a new position in shares of Baidu in the 4th quarter valued at approximately $42,000. Sycomore Asset Management bought a new stake in shares of Baidu during the fourth quarter worth $51,000. GeoWealth Management LLC raised its holdings in shares of Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock worth $55,000 after acquiring an additional 308 shares during the period. World Investment Advisors LLC acquired a new position in Baidu in the 3rd quarter worth $72,000. Finally, Denver PWM LLC increased its holdings in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock worth $104,000 after purchasing an additional 220 shares in the last quarter.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.